Moody's Investors Service has assigned an "A2" bond rating to Minnetonka, Minn.-based Fairview Health Services' proposed $120 million of series 2015A fixed rate revenue bonds issued by the City of Minneapolis.
The rating assignment was supported by a number of factors, including the system's size, strong relationship with the University of Minnesota and steady financial performance.
Fairview Health Services also faces challenges, which were considered for the rating assignment, including the competitive Twin Cities market and the search for a permanent CEO.
The outlook has been revised to stable from positive.